CNBC: "Consumers May Qualify for Up to $10,000—or More—In Climate Tax Breaks and Rebates in the Inflation Reduction Act
In this story marking the passage of the Inflation Reduction Act through the House, this story cites RFF analysis and quotes Senior Fellow Kevin Rennert.
The average household would save about $170 to $220 a year in electricity costs — a total $209 billion to $278 billion over the next decade — due to the bill’s combined policies, according to an estimate by Resources for the Future...
“The legislation itself is clearly a win for the climate in terms of the emissions it would drive, and is structured in a way that it ends up being a win for consumers, as well,” said Kevin Rennert, a fellow at Resources for the Future.
Issue Brief — Aug 3, 2022
Retail Electricity Rates under the Inflation Reduction Act of 2022
In this issue brief, RFF researchers model the impact of the proposed Inflation Reduction Act of 2022 on consumer electricity prices, finding that it reduces the average American's electricity bill by $170-$220 a year.